Is Identity Verification required to trade on TradFi?
Yes, Standard Individual Identity Verification or Business Verification is required. For more information on how to verify your account, please refer to How to Complete Individual Identity Verification and FAQ - Business Verification.
Are subaccounts supported on TradFi?
No, subaccounts are not supported on TradFi. Only a Bybit main account can activate a TradFi Account.
What assets can be transferred into a TradFi account for trading?
We currently support transfers of USDT and BYUSDT into your TradFi Account. USDT and BYUSDT are converted to USDx at a 1:1 ratio, ensuring a seamless and transparent transfer experience with no conversion loss.
Is TradFi available on mobile?
Yes. TradFi is available on the Bybit App. After log in to your Bybit account, simply tap Trade from the bottom navigation bar and select TradFi from the product tabs at the top of the page.
Why did my USDT/BYUSDT become USDx? Did I lose anything?
Not at all. When you convert or deposit USDT, it may be shown as USDx in your account. This is purely for easier tracking. Your balance remains fully backed and you can convert it back to USDT/BYUSDT at any time at a 1:1 rate.
Is USDx a cryptocurrency?
No, USDx is not a cryptocurrency. It is an internal balance unit used on the platform to show your funds in U.S. Dollar terms. The conversion between USDT/BYUSDT and USDx will remain 1:1.
Can I withdraw USDx?
No. USDx is not an on-chain asset and cannot be deposited or withdrawn.
USDx is used only as a unified balance display within the TradFi account. When transferring funds out of TradFi, you will receive the underlying assets held in your account, such as USDT and/or BYUSDT, based on your available transferable balance.
Why use USDx at all?
USDx helps us show your balances in a clear and consistent way, and also helps us meet accounting and regulatory standards. It is a display and accounting tool only. Your funds remain yours and fully backed.
Will I continue receiving BYUSDT yield after transferring BYUSDT into TradFi?
Yes. BYUSDT transferred into the TradFi Account will continue generating yield.
Yield distributions will continue to be credited into the user’s Unified Trading Account (UTA).
Why did my BYUSDT yield amount change?
BYUSDT yield is calculated based on the user’s actual eligible BYUSDT balance and APY.
If the BYUSDT balance changes due to transfers, trading losses, fee deductions, liquidation, or other account activities, subsequent yield calculations and distributions may also be affected.
What is the timezone applied on TradFi and how can I change it?
The time zone displayed on Bybit TradFi is by default UTC+2 and cannot be changed. However, this time zone will be changed to UTC+3 when Daylight saving starts on the Second Sunday in March at 02:00 AM UTC and will go back UTC+2 at the end of Daylight saving on the First Sunday in November at 02:00 AM UTC.
Why can't I transfer out the full amount of BYUSDT in my TradFi account?
Part or all of your BYUSDT balance may be locked as margin collateral to support your open TradFi positions. Only the portion exceeding your current margin requirement can be transferred out.
USDT (including unrealised profit) is always used to cover margin first. BYUSDT will only be used when the available USDT is insufficient. As a result:
- Positive unrealised P&L increases available USDT, which may reduce the amount of BYUSDT locked as collateral.
- Negative unrealised P&L reduces available USDT, which may cause more BYUSDT to be locked as collateral.
To increase your transferable BYUSDT amount, you may reduce your position size or wait for your account margin condition to improve. For more information, please refer to Understanding TradFi Asset Balances and Transfers.
How is my available BYUSDT amount calculated?
USDT (including unrealised P&L) is always used to cover margin first. If the available USDT is insufficient, part of your BYUSDT balance will be locked as collateral to support the remaining margin requirement. Any BYUSDT not being used as collateral will remain transferable.
Example:
If you hold 50 USDT + 50 BYUSDT with a Used Margin of 70:
When your UPL = +50
USDT balance can fully cover the margin requirement, so all 50 BYUSDT remains transferable.
When your UPL = −10
Available USDT effectively drops to 40, so 30 BYUSDT is locked as collateral, leaving 20 BYUSDT transferable.
Notes:
— Unrealised profit increases available USDT, not your BYUSDT balance directly.
— Transferable BYUSDT can never exceed your actual BYUSDT balance.
For more information please refer to Understanding TradFi Asset Balances and Transfers.